Updated Oct 29, 2024
GF Properties Sells Eagle Rock Multifamily Property For $11.8M With Marcus & Millichap Brokers
2130 Fair Park Avenue, Eagle Rock, Los Angeles, CA, USA
$11,795,000
$273/SF
Building Size
43,200 SF
Asset Type
MultiFamily
Closing
Jan 7, 2019
About this deal
AI
The multifamily property located at 2130 Fair Park Ave in Eagle Rock has recently been sold. The transaction took place on January 8, 2019. The property spans across 43,200 square feet and has a sale price of $11,795,000, resulting in a price per square foot of $273.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $11,795,000
- Address: 2130 Fair Park Ave
- Market: Eagle Rock
The seller of this property was GF Properties. The deal was facilitated by Michael Sterman and Jeff Louks, who represented the buyer and seller respectively. Both Sterman and Louks are brokers from Marcus & Millichap.
Players
Los Angeles MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.34%
Cash-on-Cash
-0.38%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93